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61. Michigan Medicine to furlough 1,400 employees, delay building $920M hospital
Citing a projected financial loss exacerbated by the COVID-19 pandemic, Ann Arbor-based Michigan Medicine plans to furlough or lay off 1,400 full-time employees, according to a May 5 news release. The ...05 May 2020 -
62. More cuts coming at Allina Health: 'We need to go deeper
An executive at Allina Health, an 11-hospital system in Minneapolis, is warning that more workforce changes are imminent given the financial hit from the COVID-19 pandemic, according to the Star Tribune. ...05 May 2020 -
63. Consider this when making labor cuts: An AMA guide for physician practices
... after the pandemic. Access the full guide here. More articles on healthcare finance: More than $1B in bailout funds go to CHS, HCA and UHS 214-bed Kentucky hospital closes Cash crunch from COVID-19 ...04 May 2020 -
64. Part I: Hospital providers should prepare for two years of pandemic
... will focus on the short and long-term impact upon hospitals and the innovation and transformation needed to survive. Part I will discuss the health care implications of the disease: its potential duration, ...04 May 2020 -
65. 10 COVID-19 updates for CIOs: Predictive modeling, telehealth investment and financial impact
... and accelerated the need for digital health. Here are 10 updates for health IT leaders today. 1. Cleveland Clinic shared its predictive model to help hospitals plan for patient volume in the future. ...29 April 2020 -
66. Bankrupt Maine hospital to cut 10% of workforce
Calais (Maine) Regional Hospital, which filed for bankruptcy in September, will cut about 10 percent of its workforce to help stabilize its finances amid the COVID-19 crisis, according to The Bangor Daily ...28 April 2020 -
67. Henry Ford Health to furlough 2,800 workers
Financial damage from the COVID-19 pandemic is forcing Detroit-based Henry Ford Health System to furlough 2,800 workers, the health system announced April 22. The six-hospital system decided to furlough ...23 April 2020 -
68. Unions to McLaren Health Care on salary cuts: You first
A coalition of unions representing healthcare workers is urging executives at Grand Blanc, Mich.-based McLaren Health Care to reduce their own salaries before laying off employees. The coalition — ...22 April 2020 -
69. Beaumont Health to cut 450 positions, furlough 2,475 staffers
... employees. The furloughs affect staff not directly caring for patients and hospital administrative staff. Laid-off employees will receive lump-sum severance packages and have the option to continue ...21 April 2020 -
70. 5 financial trends for CIOs to know during the pandemic
Hospital CIOs have many factors to consider as they ensure safety and security of their organizations during the pandemic, as well as keep an eye on the future. In some cases, projects are put on hold ...17 April 2020 -
71. 10 digital health, telehealth startups raising millions during the COVID-19 pandemic
... $50 million as its all-in-one modular device and telehealth platform for on-demand remote medical examinations is being used by hospitals and healthcare organizations to treat patients during the COVID-19 ...08 April 2020 -
72. COVID-19 'a big storm coming across the horizon' for many rural hospital CEOs. Here's how one is respondi
Before the coronavirus pandemic took hold in the U.S., many rural hospitals faced significant financial challenges. For one rural hospital CEO in Missouri — one of five states that has seen the most rural ...08 April 2020 -
73. 266 hospitals furloughing workers in response to COVID-19
Many U.S. hospitals and health systems have suspended elective procedures to save capacity, supplies and staff to treat COVID-19 patients. As a result of suspending these nonemergent procedures, several ...07 April 2020 -
74. 10 hospitals furloughing workers due to COVID-19: April 7
Many U.S. hospitals and health systems have suspended elective procedures to save capacity, supplies and staff to treat COVID-19 patients. As a result of suspending these nonemergent procedures, several ...07 April 2020 -
75. 9 hospitals furloughing staff in response to COVID-19
Many U.S. hospitals and health systems have suspended elective procedures to save capacity, supplies and staff to treat COVID-19 patients. As a result of suspending these nonemergent procedures, several ...06 April 2020 -
76. Hospital CEOs, execs forgo pay amid COVID-19: 45 updates
Hospital CEOs and executives across the country are taking pay cuts or donating their pay to employee assistance funds to help offset the financial fallout from COVID-19. Here are several examples, ...01 April 2020 -
77. New Jersey hospital executives take pay cut after dramatic drop in revenues
Shore Medical Center in Somers Point, N.J., is taking several steps to offset the revenue losses caused by the COVID-19 pandemic. The hospital is experiencing a significant decrease in revenues after ...01 April 2020 -
78. Steward Health Care: 'We are experiencing a seismic shock' from COVID-1
... Health News. The health system said it has started a temporary furlough program for some employees of its hospitals in nine states. Most affected staff work in nonclinical jobs. "While Steward has ...31 March 2020 -
79. 11 TriHealth execs take 20% pay cut
Citing a financial hit from the COVID-19 pandemic, at least 11 TriHealth executives have taken a 20 percent pay cut, according to The Cincinnati Business Journal. TriHealth, like many hospital systems ...27 March 2020 -
80. COVID-19 financial hit could reach 'nine figures,' Ballad Health says
... the expected financial hit is a result of hospital volumes being down 40 percent and nonemergent procedures being canceled. Ballad Health postponed all nonessential procedures last week. To address ...23 March 2020